TxDOT Pass-Through Financing Allocates Money for 11 Projects
State transportation officials recently approved 11 projects estimated at $280 million that will be funded by TxDOT’s pass-through finance program.
The Texas Transportation Commission approved the list of projects. Pass-through financing allows local municipalities or private entities to pay for costs to build a transportation project and get reimbursed from the state as the project becomes operational. It lets local officials accelerate projects.